This past weekend IBT Media bought Newsweek. Many were shocked that a magazine that’s been around for 80 years was sold to a company that’s been around for less than a decade. Worldwide, IBT Media has about 200 employees and although it is considered small for a publication, the publisher has been profitable since 2010 and made the purchase without taking on outside investors. For more information on the purchase and IBT Media, read the full article HERE.